Search EN menu en EIB GROUP CLIENT PORTAL
Close EIB GROUP CLIENT PORTAL
Search
Search
Results
Top 5 search results See all results Advanced search
Top searches
    Most visited pages

        BANQUE MISR LOAN FOR SMES AND MIDCAPS II

        Signature(s)

        Amount
        € 500,000,000
        Countries
        Sector(s)
        Egypt : € 500,000,000
        Credit lines : € 500,000,000
        Signature date(s)
        24/11/2019 : € 500,000,000

        Summary sheet

        Release date
        26 August 2019
        Status
        Reference
        Signed | 24/11/2019
        20190203
        Project name
        Promoter - financial intermediary
        BANQUE MISR LOAN FOR SMES AND MIDCAPS II
        BANQUE MISR SAE
        Proposed EIB finance (Approximate amount)
        Total cost (Approximate amount)
        EUR 500 million
        not applicable
        Location
        Sector(s)
        Description
        Objectives

        The project will enhance access to finance to small, medium sized enterprises (SMEs) and MidCaps across Egypt.

        The operation will further stimulate inclusive development of local private sector by improving access to long term financial resources, with the aim of supporting private sector development through eligible sectors of Egyptian economy.

        Environmental aspects
        Procurement

        The EIB will require the intermediary institution to take all the requisite measures to ensure that the procedures carried out by the final beneficiaries for the sub-projects receiving Bank financing will comply with national legislation and the ElB's Environmental and Social Standards.

        Banque Misr will be required o take all the required measures to ensure that any procurement procedures carried out by the final beneficiaries are in line with EIB's Guide to Procurement.

        Under ELM Guarantee

        This operation is covered by the ELM Guarantee.

        Disclaimer

        Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
        They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

        General enquiries and comments

        The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
        Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
        Alternatively, the EIB can be contacted through its external offices.
        Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

        Media enquiries

        Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

        Complaints mechanism

        Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

        Zero tolerance against fraud and corruption

        The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

        Related publications